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China-Pakistan sign 20 agreements

On 9 November 2014, China and Pakistan inked 20 agreements amounting to Chinese investment reportedly worth about $46 billion, as Prime Minister Nawaz Sharif held wide-ranging talks with the leadership in Beijing.

Terming China and Pakistan as “iron friends”—a term used in China to mean trustworthy friends whose friendship is as solid as iron—Xi told Sharif that the two countries will continue to support each other and strengthen cooperation.

Besides issues related to China’s concerns over terrorist attacks in Xinjiang with militants infiltration from across the border in Pakistan, the two leaders discussed the emerging situation in Afghanistan in view of the US plans to pullout its troops from the war-torn country.

Chinese President Xi Jinping also committed $40 billion to give a push to the country’s mega plan aimed at reviving the ancient Silk Road. The goal of the fund is to ‘break the connectivity bottleneck’ in Asia, said Xi at the summit attended by leaders of Bangladesh, Cambodia, Laos, Mongolia, Myanmar, Pakistan and Tajikistan.